Polish Zloty Advances To 2-day High Against U.S. Dollar
05 Ottobre 2016 - 9:57AM
RTTF2
The Polish Zloty drifted higher against the U.S. dollar in
European deals on Wednesday, as Polish bonds fell on the ECB taper
rumors, pushing yields up.
There were reports about the European Central Bank probably
winding down its $90-billion monthly bond purchases ahead of
schedule, but the central bank subsequently denied that the
governing council had discussed the subject.
The Polish Central Bank decided to keep interest unchanged at a
record low of 1.5 percent. The decision was in line with
expectations.
The Zloty climbed to a 2-day high of 3.8260 against the
greenback, compared to Tuesday's closing value of 3.8446.The next
possible resistance for the Zloty is seen around the 3.6 mark.
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